Global Dimethylformamide Market 2019-2023 | Rising R&D Activities on DMF | Technavio

Technavio has announced its latest market research report titled global dimethylformamide market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global dimethylformamide (DMF) market is expected to post a CAGR of more than 4% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

Dimethylformamide is widely used raw material in the production of petrochemical products such as butadiene. Butadiene is used in the manufacture of synthetic rubber, nylon, and automotive tires. DMF is also used as a feedstock in the manufacture of PU. The increasing production of synthetic rubber and PU is driving the demand for DMF from the chemicals industry.

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As per Technavio, rising R&D activities on DMF will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Dimethylformamide Market: Rising R&D Activities on DMF

Many research firms and manufacturers are increasing R&D efforts to explore new applications of DMF. For instance, a research study found that DMF can be used as a solvent to manufacture graphene nanocomposites. DMF is used in the manufacture of efficient solar cells that can be used in power conservation. Therefore, the rise in R&D activities is helping to increase the applications of DMF, which is expected to boost market growth during the forecast period.

“Growing agriculture industry and increasing production capacity for thermoplastic PU are some other major factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.

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Global Dimethylformamide Market: Segmentation Analysis

This market report segments the global dimethylformamide market by geography (APAC, Europe, MEA, North America, and South America) and end-users (chemicals, electronics, pharmaceuticals, and others).

The APAC region led the market in 2018, followed by Europe, North America, MEA, and South America respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the growing demand for PCBs across various end-user applications in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Landscape

  • Geographic segmentation
  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/

Release Summary

The global dimethylformamide (DMF) market is expected to post a CAGR of more than 4% during the period 2019-2023, according to the Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/